The idea of convergence of GDP in Europe suggests that ?

Long Term Economic Growth 26/08/2021

A. All countries will eventually join the EEC
B. Poorer countries have higher capital/labour ratios than richer countries.
C. The gap between countries GDP per head will widen
D. Poorer less developed countries will catch up with richer ones.

Related Mcqs:

    Economic growth is important because ?
    A. People want less crime B. People want to be happier C. People want a better environment D. People want higher incomes and more consumer goods....
    Real business cycles are cycles in ?
    A. potential output B. actual output C. real output D. international trade...
    The business cycle is not transmitted from one country to another through ?
    A. private sector imports and exports B. economic policy C. the duration of compulsory education D. labor supply changes...
    The multiplier accelerator model assumes ____ depends on ______?
    A. consumption expected future profits B. investment, interest rates C. investment expected future profits D. stock building interest rates...
    The impossibility of negative gross investment provides a ______ to fluctuation in ______?
    A. ceiling, stock building B. ceiling, capital prices C. floor, output D. floor, the capital-output ratio...

Leave a Reply

Your email address will not be published. Required fields are marked *